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According to statistics from the China Association of Automobile Manufacturers, in February, China’s auto production and sales volume exceeded 800,000 vehicles, and the monthly production and sales have been continuously lower than 800,000 since July 2008. The auto market began to pick up. At the same time, automotive inventory hit its lowest level in two years. Among the top ten auto groups, BAIC and BYD sales topped the previous month, while Guangzhou Automobile Group saw a decline.
Big Three Motor Company Continues to Lead
Data show that in February this year, China produced 807,900 cars, an increase of 22.96% from the previous period and a year-on-year increase of 23.08%; sales of 827,600 units, an increase of 12.43% compared with the previous period and a year-on-year increase of 24.72%. In February, the national automobile production and sales rate reached 102.43%, and the inventory of the industry hit a record low for two years.
In February, the top ten car sales were SAIC, FAW, Dongfeng, Chang'an, BAIC, GAC, Chery, BYD, Brilliance and Geely. The above-mentioned ten companies sold a total of 688,200 vehicles, accounting for 83% of the total sales of automobiles. Compared with the previous month, only Guangzhou Automobile Group saw a significant decline, and other companies showed different degrees of growth. Among them, Beijing Automotive and BYD increased their rankings, with an increase of 34.58% and 20.12% respectively.
The Guosen Securities report pointed out that the feature of the auto market in February is that passenger vehicles continue to carry heavy volume, but the structural growth characteristics are still significant.
From the January-February growth of the passenger vehicle market, sales of passenger cars with 1.6L or less increased by 18.78%, and the market share increased by 7.71 percentage points; the number of crossover passenger vehicles still increased by 3.57 on the basis of rapid growth last month. With the growth of %, the development momentum is still rapid. In addition, the self-owned brand cars performed well in February, and the market share further increased to 31%, which was an increase of more than one percentage point from January. Among the top ten car brands sold, there are four independent brands, namely F3, QQ, Xiali and the Freedom Ship. They have entered the two brands of Xiali and the Freedom Ship last month.
However, the market performance of mid- to high-displacement passenger cars, which accounted for 30% of the total, was not satisfactory. From January to February, sales of passenger cars from 1.6 to 2.0 liters decreased by 17.32% year-on-year, and market share dropped by 5.28 percentage points, which to some extent restricted the growth of the total amount of automobiles.
Commercial vehicle sales increase by 70%
According to Zhu Yiping, Assistant Secretary General of Statistics of China Association of Automobile Manufacturers, due to the fact that the country’s policy on commercial vehicles is obviously inferior to that of passenger vehicles, despite the fact that effective working days have increased, there has been no ice and snow disaster, and there have been more recoverable purchases in February, they have not Fundamentally change the status of the industry downturn.
According to statistics, in February of this year, China produced 21.66 million commercial vehicles, an increase of 63.88% from the previous period and a year-on-year increase of 17.17%; sales of 220.3 thousand units, a year-on-year increase of 75.54% and a year-on-year increase of 26.09%. The top ten commercial vehicle sales companies ranked in order: Beiqi Foton, Dongfeng, FAW, Jianghuai, Chongqing Chang'an, Jinbei shares, CNHTC, Kama, SAIC-GM-Wuling and Jiangling. Compared with the previous month, the above-mentioned ten companies all showed rapid growth. Among them, the growth rates of Foton, Dongfeng, FAW, JAC and CNHTC were particularly rapid. In February, the above-mentioned ten companies sold 156,400 commercial vehicles, accounting for 71% of the total commercial vehicle sales.
Although it increased in February, cumulative sales for the January-February period continued to decline. In the first two months of this year, commercial vehicles produced 348,700 vehicles and 345,700 vehicles, a year-on-year decrease of 13.15% and 6.94%. In addition to the growth of trucks, other models showed a significant decline, with semi-trailer tractors falling by 79.73% and passenger cars (including chassis) falling by 26%.